The global electrocoat market research report is based on an in-depth research conducted to collect and verify information through various resources. It includes expert insights into market trends and drivers, leading and growing segments, competitive scenario, and market size of each segment in terms of value and volume.
Electrocoating is the process of painting in which the paint is deposited on the surface using electronic current powered equipment.
Electrocoating works on the physics principle that suggests attraction between materials with opposite charge. In this coating process, the system deployed puts DC charge on the metal that is to be painted. The paint particles with an opposite charge thus get drawn to the metal surface and adhere evenly. After a certain level of evenness is achieved, the paint so applied acts as an insulator and stops the application as the paint is no more attracted towards the surface.
The process of electrocoating is divided into four steps: pretreatment, electrocoat bath, post rinses, and bake oven. In the pretreatment stage, the metal surface is cleaned so that it can be prepared for the further process. In the electrocoat bath process, the actual paint work is done. In the post rinses process, the excess paint particles are rinsed off to maintain consistency in the thickness and appearance. The bake oven process involves crosslinking and curing of the paint in order to enhance its performance.
The benefits of electrocoating include decreased time and labor efforts, automated processing, consistent levels of paint thickness, amongst others.
The global electrocoat market research report is a collective study based on various segments of this market. On the basis of ingredients, the market is segmented into dispersants, phenolic resins, epoxy resins, surfactants, and other ingredients. On the basis of companies, the market is segmented into BASF Performance Products, AkzoNobel N.V., Asian Paints Limited, Nippon Paint Company Ltd., and other companies. On the basis of applications, the market is segmented into building & construction, industrial applications, bedding & furniture, passenger cars, packaging, and automotive paints.
The report provides insights into the various market segments and their current and projected size in terms of value and volume for the forecast period. Company profiles, with equal emphasis on the product offerings of each company operating in this market have been included in the report. Competitive landscape has been added in order to identify the leading and growing companies of the market. In addition to this, market development strategies that are being adopted by the companies have also been included.
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The e-coat market size in Asia-Pacific is estimated to reach USD 1.96 billion by 2021, signifying a firm CAGR of 5.45% between 2016 and 2021. The market registered a moderate growth in the past few years and is expected to continue the same trend in the near future. This growth is driven by the rising automotive and appliances industries.